Bybit

How to Register an Account

Points to Note:

Please refrain from using an email address from a provider that you may not be able to use in the future due to changes in services or other reasons. We recommend three email service providers: Gmail, iCloud, and ProtonMail.
To make a withdrawal, Email and Google Authentication are compulsory while SMS Authentication is not. Registration using an email address is recommended. 
Each email address and mobile number can only link to one account.
Enter your mobile number after specifying the country code, and omit the leading zero. (For example, if your mobile number is 090-1234-5678, enter 9012345678.)
Enter the information in single-byte alphanumeric characters. Do not use double-byte characters.
Bybit does not offer services or products to users in a few excluded jurisdictions. For more information, please refer to Service Restricted Countries.
Any account registered via a Hong Kong IP address will be required to complete both identity verification Level 1 and Level 2 to use Bybit products and services. Bybit does not provide services to residents of Hong Kong.

Mainnet account registration URL: http://www.bybit.com/app/register
Testnet account registration URL: https://testnet.bybit.com/app/register 

You can register using your (1) email address or (2) mobile number

Step 1: Choose to register using Email or Mobile phone number. Please enter your email or mobile number + country code, preferred password and referral code (optional and can be left blank) accordingly.

Note:

— Clicking on the Sign Up with Google will use the email address linked to your Google account for your Bybit account creation.
— Clicking on the Sign Up with Apple will use your email address linked to your Apple ID for your Bybit account creation (Share My Email). If you have selected Hide My Email for the registration,Apple will create a unique, random email address with  @privaterelay.appleid.com domain for registration. 

To check your @privaterelay.appleid.com email address, go to the Apple Settings → iCloud → Apps Using icloud → Hide My Email.

Step 2: Once you click on “Continue”, you will see the window below. If you are not from the restricted countries or region mentioned, select “No” to continue with the registration. 

Step 3: Complete the recaptcha verification and enter the verification code sent to your email inbox (email registration) or SMS code sent to your mobile number (mobile registration). 
If you do not receive the email, please check if it has been sent to your spam/junk mail box. 

You have successfully registered an account on Bybit !

How to Complete Individual Identity Verification (KYC)

Here’s a step-by-step guide to help you complete Individual (KYC) Identity verification on Bybit. For more details on how to submit a request for Business (KYC) Verification, please refer to FAQ — Business KYC.

Lv.1 Identity Verification

Step 1: Click on the profile icon in the upper right corner of the navigation bar, then tap on Account & Security page.

 

 

Step 2:Click on Verify Now beside the Identity Verification column (under Account Info) to enter the Identity Verification page.

 

 

Step 3: Click on Verify Now under Lv.1 Identity Verification to start verifying your identity.

 

Step 4: Select the country or region that issued your ID, and your identity document type to upload proof of identity document(s). Click on Next to continue.
Due to certain county regulations, for Nigerian and Dutch users, please refer to the ‘Special Requirements Verification’ section in this article.

 

Notes:

Please make sure the document photo clearly shows your full name and date of birth.
If you are unable to upload photos successfully, please make sure that your ID photo and other information are clear, and that your ID hasn't been modified in any way.
Any type of file format can be uploaded.

 

Step 5: Complete your facial recognition scan through your laptop camera.

 

Note: If you’re unable to proceed to the facial recognition page after several attempts, it may be that the document submitted doesn’t fulfill the requirements, or there have been too many submissions within a short time period. In this case, please try again after 30 minutes. If the issue still is unresolved, please reach out to our Customer Support by submitting a case here.

Step 6: To verify what you’ve submitted, click on Next to submit.

 

After we’ve verified your information, you’ll see a Verified icon in the top left corner on the Lv.1 window. Your withdrawal amount limit has now increased. .After we’ve verified your information, you’ll see a Verified icon in the top left corner on the Lv.1 window. Your withdrawal amount limit has now increased. 

 

 

 Lv.2 Identity Verification
If you require a higher fiat deposit and coin withdrawal limits, please head to Lv.2 identity verification and click on Verify Now. Lv.2 Identity Verification
If you require a higher fiat deposit and coin withdrawal limits, please head to Lv.2 identity verification and click on Verify Now.

Bybit only accepts Proof of address documents such as utility bills, bank statements and residential proof issued by your government. Please note that Proof of Address must be dated within the last three months. Documents dated older than three months will be rejected.

 

After we’ve verified your information, your withdrawal amount limit will be increased..

You can double-check your submitted information from the Identity Verification page. Click on the “eye” icon to view your information. Please note that you will need to enter your Google Authenticator code to view your information. Should there be any discrepancy, please reach out to our Customer Support by submitting a case here.

How to Buy Crypto with P2P trading

Here’s a step-by-step guide to help you — as a buyer — start your first P2P transaction on Bybit.

Important Notes:
— P2P transactions with Fiat will only be processed via the Funding account so please ensure that your funds are in your Funding account before starting a transaction. 
— P2P on Bybit offers zero transaction fees for both buyer and seller. However, Buyers may need to pay transaction fees to the payment provider based on the payment method selected. 
— In order to provide a safer trading environment, our system comprehensively evaluates every transaction to determine its risk level. Should the transaction be deemed risky, a 24 hours withdrawal restriction will be imposed on the relevant account(s).
— Your bank account name must be consistent with your registered name on Bybit. Otherwise, your account might be suspended and you may encounter permanent asset loss as the seller has a right to refuse to release the coin to you.

Step 1: Please click on Buy Crypto → P2P Trading on the top left corner of the navigation bar to enter the P2P trading page. 
 

To buy coins with P2P Block, click on P2P Block.To buy coins with P2P Block, click on P2P Block.

 

 Step 2: On the Buy page, you can filter advertisers by entering your desired criteria for Coin Type, Amount, Fiat Currencies, Payment Methods and more, based on your transaction needs. 

 

Notes:

 

— Under the Advertiser column, the displayed order quantity and percentage refer to:
Number of orders made in 30 days
Completion rate in 30 days
— Under the Price column, you can see the reference price that counterparties are offering. 
— The Available/Limits column displays the available balance for each advertisement as well as the minimum and maximum transaction limits per order, in fiat terms.
—Under the Payment Method column, you can see all supported payment methods for the advertisement you've selected. 

Step 3: Choose your preferred advertisement, and click on Buy USDT.

 

Step 4: Enter the amount of fiat you want to pay, or the amount of coins you want to receive, and click Buy to proceed. 

 

Step 5: You’ll be redirected to the order page, where you will see a countdown timer to transfer the money to the seller's bank account. Please verify that all the order details are correct before proceeding.
After you have done the payment, click the Payment Completed button to notify the seller.

 

 

Notes:
— Failing to transfer the funds to the Seller within the set timer or insufficient balance in your Bybit account will automatically cancel your order.
— If you are paying via fiat balance but the fiat currency in your Funding Account is insufficient, you can click on Make Deposit on the Order page to deposit more funds.
— Make sure not to write sensitive words on your reference ID (if any) such as “BTC/USDT purchase” when transferring fiat, otherwise the transfer may fail.
— If the fiat currency you transfer is not paid on time, it could be due to several reasons. Here are some tips for your reference:
Make sure that the Seller’s receiving account details are correct.
Confirm whether the payment method you’re using supports real-time transfers. Otherwise, it will take some time to complete the payment.
Contact your bank or third-party payment platform to find out why the deposit was unsuccessful.
Step 6: You might be required to submit the payment receipt or enter the actual transfer amount in the pop-out window before completing the transaction. Acknowledge the rules and click on Confirm Payment if you have provided the necessary information.

 

Notes:
— You are only able to click the Confirm Payment button after you have submitted the payment proof or enter the exact amount you are required to pay.
 Step 7:
 a. Once the coins you've purchased have been successfully released by the seller, you can check your assets in the Funding Account. You can also check your order status from the P2P order history.

 

If you have activated the Savings Subscription upon P2P purchase, the coins will be directly credited to your Earn Account. 
b. If the seller fails to release the coins after 10 minutes, you can submit an appeal by clicking on the Need Help button to get assistance. For more detailed information about appeal guidelines, please refer to this article. Our customer support team will assist you in the Order Chat Box. During this period, please do not cancel the order unless you've received a refund from your seller.
If your issue isn't addressed in the Help Center, please submit a request here for further assistance. To help you solve any problems more efficiently, please provide your UID, P2P order number, and any applicable screenshot.

How to Get Started With Spot Trading

Select Trading Pairs
Step 1: On the left side of the page, hover your cursor on the dropdown beside the trading pair, and you will see all supported Spot trading pairs, along with the Last Traded Price and the 24-hour change percentage of the corresponding trading pair.

 

To quickly find the trading pair you desire, please use the search box to directly enter the trading pair you want to view. If you see a 10x label beside a certain trading pair, it indicates that the trading pair is supported in Spot Margin Trading.

 

To learn more about the difference between Spot and Spot Margin, please visit here. 
Place Your Order
Bybit Spot Trading provides you with various order types. To learn more about the differences between each order type, please refer to Types of Orders Available on Bybit.

Using Market Order as an illustration, create a Spot Order with the following steps.
Step 1: To perform Spot Trading, please ensure you are currently in the Spot tab. Then, choose to Buy or Sell an asset

 

Step 2: Enter your order value or quantity. If you place your order through other order types, such as Limit Order and Conditional Order, you will need to enter your order price or trigger price.
For market buy and sell orders, the default is to place an order by value (market buy) and by quantity (market sell). You can click on Order by Value or Order by Qty to switch your order placement preferences. 

Note: When you select 100% of your available balance to place a market buy or market sell order, there may be a slight difference between the maximum amount or quantity displayed and the value or quantity calculated by our system. This difference acts as a buffer against potential market price changes, ensuring that your order will be placed smoothly even if the price fluctuates slightly.
Step 3: A confirmation window will pop up. Ensure your order details are correct then click on Buy or Sell

 

Congratulations! Your order has been successfully placed.

View Your Order
Current Orders
You can view your current unfilled or untriggered orders on the Current Orders tab.  To show all current orders across all trading pairs, you can check the Show all trading pairs box. 

 

Click on the pencil icon beside your order parameter to edit details such as your order price, trigger price, or order quantity. 

 

Order History or Trade History
You can switch to the Order History or Trade History tab on the Spot Trading page to view up to 50 records from the last six (6) months. Similar to Current Orders, you can check the Show all trading pairs box to view order history or trade history from all trading pairs. 

To view records for more than the last six (6) months, please refer to the All Orders page. 
Cancel Your Order
To cancel Spot orders, navigate to the Current Orders tab and click on Cancel. Alternatively, you can choose to Cancel All orders from the upper right corner. It's important to note that if you have selected the Show all trading pairs option, clicking on Cancel All will cancel orders from all trading pairs.

Introduction to Spot Grid Bot on Bybit

Spot Grid Bot uses a grid bot that’s designed to buy low and sell high automatically to maximize profits in a volatile 24/7 crypto market.
Grid bots are automated trading strategies designed to place buy and sell orders at predetermined intervals within a predefined price range. They’re designed to capitalize on price fluctuations and perform best in volatile markets.
How Do Bybit Grid Bots Work?
You can set a series of buy and sell orders in either price direction, creating a trading grid of orders waiting to be triggered. When the Spot price hits your preset target, a buy order will be executed, and a sell order will be placed above on the next grid. When the price rises again to the next grid, the sell order will be executed, allowing you to profit from the price difference.
Example
Suppose Trader A creates a Spot Grid Bot strategy based on the following parameters:
Spot pair: BTC/USDT
Market price: 54,000 USDT 
Upper price: 65,000 USDT
Lower price: 45,000 USDT 
Number of grids: 5
Intervals: 4,000
Total investment: 23,610 USDT
The system will calculate the actual amount of base token required to place an order, and then automatically buy the corresponding base token needed for the Spot Grid Bot strategy by placing market orders.

When the Spot Grid Bot strategy is successfully activated, the orders will be placed as follows:

Scenario One: In a Volatile Market
When the BTC price hits 53,000 USDT, the buy order will be executed, and the sell order at 57,000 USDT will be placed above the next grid. When the price rises to 57,000 USDT, the sell order will be executed, and a buy order at 53,000 USDT will be placed — that is, a grid trade is now completed and profits are made from the price difference.

Scenario Two: In a One-Sided Market
When the BTC price rises to 57,000 USDT, no buy/sell orders will be triggered. In the one-sided market, the BTC price rises to 61,000 USDT, which will trigger a sell order and place a buy order at 57,000 USDT. 

 If the price continues to rise and reaches 65,000 USDT, a sell order will be placed at 65,000 USDT, and a buy order placed at 61,000 USDT.

Your grid bot will only operate in the upper and lower price bounds that have been configured. When the BTC price rises above 65,000 USDT or falls below 45,000 USDT, the strategy will be suspended and no new order will be placed by the grid bot.

If the market price falls outside of the price range, you can choose either to close the Spot Grid Bot strategy to get the most out of your funds, or wait for the price to return to the range you’ve set, at which time the strategy will resume.

Notes:
— Entry order will be bought at the market price, to ensure the successful execution of the grid strategy.
— Spot Grid Bot will be channeled directly through your Funding Account.

Introduction to Futures Grid Bot on Bybit

Futures Grid Bot is designed to automatically long and short Derivatives contracts to maximize profits in a volatile 24/7 crypto market.
Grid Bots are automated trading strategies designed to place long and short positions at predetermined intervals within a predefined price range. They’re designed to capitalize on price fluctuations and perform best in volatile markets.

How Does the Bybit Futures Grid Bot Work?
Bybit‘s Futures Grid Bot offers three (3) ways — Long, Short and Neutral — to place your orders. Let's take a look at how each type of orderworks.
Long
Long mode is suitable for volatile market conditions where prices are rising. Long grids will enter long positions upon creation at market price, and take profits by closing long positions when the price rises.
Example
Suppose Trader A creates a Futures Grid Bot strategy based on the following parameters:
Derivatives trading pair: BTCUSDT
Market price: 19,000 USDT 
Upper price: 30,000 USDT
Lower price: 10,000 USDT 
Number of grids: 5
Grid mode: Geometric
Leverage: 2x
Intervals: 24.57% ≈ (30,000/10,000)(1/5) – 1
Note
Geometric: Each grid has an equal price difference ratio. For example, if the interval is 1.25%. The price of the next order will be 1.25% higher than the previous price.
The system will calculate the price of each grid and place your orders with 2x leverage. When the Future Grid Bot strategy is successfully activated, the positions will be placed as follows. 

 

When the BTC price rises to 19,331 USDT, no order will be triggered. In the one-sided market, the BTC price rises to 24,082 USDT, the sell order will be filled in USDT, and a buy order will be placed at 19,331 USDT. 
If the price continues to rise and reaches 30,000 USDT, the 30,000 USDT sell order will be filled and a buy order will be placed at 24,082 USDT. On the other hand, if the price falls back to 19,331, the 19,331 USDT buy order will be filled and a 24,082 USDT sell order will be placed.  
Your Grid Bot will only operate within the upper and lower price bounds that have been configured. When the BTC price rises above 30,000 USDT or falls below 10,000 USDT, no new order will be placed by the Grid Bot until the BTC price returns to the price range.
If the market price falls outside the price range, you can choose either to terminate the Future Grid Bot strategy, or wait for the price to return to the range you’ve set, at which time the strategy resumes. Once you have terminated your bot, all your pending orders will be canceled and your positions will be closed at the current market price. Your assets will be credited automatically to your Funding Account.
Short
Short mode is suitable for volatile market conditions where prices are falling. Short grids will enter short positions upon creation at market price and take profits by closing short positions when the price falls.
Example
Suppose Trader A creates a Futures Grid Bot strategy based on the following parameters:
Derivatives trading pair: BTCUSDT
Market price: 20,000 USDT 
Upper price: 30,000 USDT
Lower price: 10,000 USDT 
Number of grids: 5
Grid mode: Arithmetic
Leverage: 2x
Intervals: 4,000 = (30,000 − 10,000)/5
Note
Arithmetic: Each grid has the same price difference. For example, if the interval is 4,000 USDT. The price of the next order will be 4,000 USDT higher than the previous price.
The system will calculate the price of each grid and place your orders with 2x leverage. When the Future Grid Bot strategy is successfully activated, the positions will be placed as follows:

 

When the BTC price falls to 18,000 USDT, no order will be triggered. In the one-sided market, the BTC price falls to 14,000 USDT, the 14,000 USDT buy order will be filled and a sell order will be placed at 18,000 USDT. 
If the price continues to fall and reaches 10,000 USDT, the 10,000 USDT buy order will be filled and a new sell order will be placed at 14,000 USDT. On the other hand, if the price rises back to 18,000 USDT, the 18,000 USDT sell order will be filled and a 14,000 USDT buy order will be placed. 
Your Grid Bot will only operate within the upper and lower price bounds that have been configured. When the BTC price rises above 30,000 USDT or falls below 10,000 USDT, no new order will be placed by the Grid Bot until the BTC price returns to the price range.
If the market price falls outside the price range, you can choose either to terminate the Future Grid Bot strategy, or wait for the price to return to the range you’ve set, at which time the strategy will resume. Once you have terminated your bot, all your pending orders will be canceled and your positions will be closed at the current market price. Your assets will be credited automatically to your Funding Account.
Neutral 
For neutral mode, the strategy will begin with no initial position. The bot will place long orders below the base price and short orders above the base price. When the market price hits the preset price, the long/short position will be opened, depending on which order direction is filled.
Example
Suppose Trader A creates a Futures Grid Bot strategy based on the following parameters:
Derivatives trading pair: BTCUSDT
Market price: 20,000 USDT 
Upper price: 30,000 USDT
Lower price: 10,000 USDT 
Number of grids: 5
Grid mode: Arithmetic
Leverage: 2x
Intervals: 4,000 = (30,000 − 10,000)/5
Note
Arithmetic: Each grid has the same price difference. For example, if the interval is 4,000 USDT. The price of the next order will be 4,000 USDT higher than the previous price.
The system will calculate the price of each grid and place your orders with 2x leverage. When the Future Grid Bot strategy is successfully activated, the positions will be placed as follows:

 

When the BTC price hits 18,000 USDT, the long position will be executed, and the short order at 22,000 USDT will be placed above on the next grid. When the price rises to 22,000 USDT, the short order will be executed, and subsequently close the long position, and a long order at 18,000 USDT will be placed — that is, a grid trade is now completed and profits are made from the price difference.
Your Grid Bot will only operate within the upper and lower price bounds that have been configured. When the BTC price rises above 30,000 USDT or falls below 10,000 USDT, no new order will be placed by the Grid Bot until the BTC price returns to the price range.
If the market price falls outside the price range, you can choose either to terminate the Future Grid Bot strategy, or wait for the price to return to the range you’ve set, at which time the strategy will resume. Once you have terminated your bot, all your pending orders will be canceled and your positions will be closed at the current market price. Your assets will be credited automatically to your Funding Account.
Risk
For Futures Trading, your position is at risk of being liquidated when the mark price reaches the liquidation price. We recommend that you set a stop-loss ratio to control possible losses.
Note: Futures Grid will be channeled directly through your Bybit Derivatives Account and Trading Bot Account. If your account has been upgraded to the Unified Margin Account, Futures Grid will instead be channeled via your Unified Margin Account and Trading Bot Account.

Introduction to DCA Trading on Bybit

The Dollar-Cost-Averaging (DCA) bots are automated trading bots to help traders build positions incrementally. Bybit’s DCA bots allow you to automatically buy coins based on a preset investment amount and time intervals within a specific period, thereby reducing the influence of market volatility. 
The DCA bots are based on the Dollar-Cost-Averaging strategy, which is an investment strategy that helps you average the price of your coins by investing in a certain number of them on a regular basis.
Since you’ll be investing at regular intervals, DCA bots are suitable for most investors. Especially if you are a:
Long-term holder of coins
Long-term investor, and you don't care much about short-term coin price fluctuations
An investor who can’t keep an eye on the market all the time
How does the Bybit DCA bot work?
Bybit allows you to create a DCA bot with one coin or a portfolio of up to five coins. Let's see how the DCA bot works by using an example.
Before learning more about DCA trading, let's briefly understand some parameters of the DCA bot order page to make it easier for you to understand the following example.

 

 

Example 1
Suppose Trader A sets up a DCA bot with the following parameters:
Currency: USDT
Select Cryptocurrencies: BTC and ETH
Investment Frequency: 1 week 
Total Fixed Investment Amount: 1,000 USDT

           ○  BTC Fixed Investment Amount: 600 USDT

           ○  ETH Fixed Investment Amount: 400 USDT

Max. investment amount for DCA bot (Optional): 5,500 USDT
Assuming that Trader A invests for five weeks, according to the weekly investment frequency, Trader A automatically performs a total of five transactions. The specific details are as follows:

Please note that the system will automatically transfer the required amount of funds from your Bybit Funding account to the Trading Bot before each purchase.

During a five-week investment period, the average entry price for BTC and ETH is 28,200 USDT and 1,420 USDT, respectively, based on the following calculations:
BTC Avg. Enter Price (USDT): (29,000 + 28,000 + 27,000 + 28,000 + 29,000)/5 
ETH Avg. Enter Price (USDT): (1,500 + 1,400 + 1,300 + 1,400 + 1,500)/5
In this case, Trader A buys 0.10645868 BTC at an average price of 28,200 USDT and simultaneously buys 1.41245423 ETH at an average price of 1,420 USDT.
Benefits
Example 2
If Trader A does not invest in batches through the DCA bot and buys BTC and ETH in one go with 5,000 USDT in the first week, the entry price and purchase quantity are as follows:
 ○  BTC Fixed Investment Amount: 3,000 USDT
 ○  ETH Fixed Investment Amount: 2,000 USDT

We can see in this case that for the same investment amount, more BTC and ETH can be obtained by using DCA bot.
Note: In the above example, Trader A has set a max. investment amount of 5,500 USDT. Since the remaining 500 USDT isn’t enough to initiate the sixth auto-purchase — that is, each single investment is 1,000 USDT — the DCA bot will automatically close after the fifth auto-purchase. At the same time, 0.10645868 BTC and 1.41245423 ETH in Trader A’s DCA Bot will be returned to his Funding account.
Assuming that Trader A does not set the Maximum Investment Amount and the available balance in the Funding account is not enough for the next auto-purchase, Trader A will receive an email and notification to remind him to deposit funds into his Funding account.
If Trader A fails to deposit sufficient funds in time for the next auto-purchase, the DCA bot will be suspended. And after there are sufficient funds in the Funding account, it will be activated again at the next auto-purchase time.
Please note that the suspension of DCA bot due to insufficient funds will not automatically terminate it. If you want to terminate your DCA bot, please close it manually.

Introduction to Futures Martingale Bot

Traditional Martingale Strategy
The traditional Martingale Strategy is a trading strategy that automatically doubles down on your investment after each loss until the market moves in your favor. Its goal is to recover previous losses and secure a profit on top of your initial investment. The theoretical underpinning of the Martingale system lies in the assumption that you would only need one good bet to turn your fortunes around. 

Key Advantages
Profit Potential: The Martingale strategy helps traders recover losses quickly with rapid profit accumulation during favorable market conditions.
Aggressive Risk-Taking: The high-risk, high-reward strategy with its short bursts and psychological thrills may suit the needs of some aggressive traders.    
Simplicity: The strategy is relatively simple to understand and implement, making it accessible to traders with varying levels of experience. 
Volatility Advantage: The Futures Martingale strategy excels in volatile markets with rapid price swings and has the potential to maximize profits. 
Long-Term Conviction: For traders with strong market convictions and substantial capital, Futures Martingale offers a strategic choice to align larger positions with the long-term market outlook. 

How does Futures Martingale work? 
Bybit Futures Martingale Bot is built upon the foundational principles of the traditional Martingale strategy. The bot automatically places an additional order when the market price experiences a specific percentage increase or decrease. This order is a preset multiple of the previous buy-in, which is part of the strategic approach to improving the average entry price. 
This process continues until the Profit Target per round is reached, triggering the execution of the Take Profit order and concluding the current cycle. The bot then initiates a new cycle unless it is manually terminated or the position is liquidated. Futures Martingale allows for up to 50x leverage to capitalize on market fluctuations.

Example 
Let us assume that the current price of BTC is 26,000 USDT and the trader has enough margin to execute the maximum addition for this round. The trader decides to short BTCUSDT with an initial order size of 0.1 BTC, and configures the Futures Martingale with the following parameters: 
Investment amount: 26,000 USDT
Derivatives pair: BTCUSDT
Price Increase: 2%
Position Multiplier: 1.2
Leverage: 10x
Max Addition per Round: 5
Profit Target per Round: 2%
Enable Loop: On 
If the market price continues to rise, for every 2% increase, the bot will automatically create another short order at the higher price point and repeat the process until the Profit Target for that round is reached.  After the third round of addition, the position details are as follows:

Please note that the example assumes that each addition precisely increases the position quantity by a factor of 1.2, and is for illustrative purposes only. In reality, Bybit Futures Martingale Bot involves multiplying the order quantity based on the opening order cost. The bot will add X times the order margin relative to your last opening cost. When the position multiplier is set to 1.2, the subsequent order margin equals the previous opening cost multiplied by 1.2.

The order price for the additional order is determined by multiplying the average holding cost by the specified Price Increase or Decrease.
For long positions: Next order price = Average holding cost × (1 - Percentage Decrease)
For short positions: Next order price = Average holding cost × (1 + Percentage Increase)

Total Contract Value 
= ∑ Quantity × Price 
= 26,000×0.1+26,520×0.12+26,809×0.144+27,021×0.1728 = 14,312.12 USDT

Total Order Size 
=∑ Quantity 
= 0.1+0.12+0.144+0.1728 = 0.5368 

Average Holding Cost (Average Entry Price)
= Total Contract Value / Total Order Size 
= 14,312.12/0.5368 = 26,662 USDT

Let’s assume that the Funding Fees are negligible. After three additions, the current take profit price for this round of Futures Martingale trading is:

Take Profit Price =  (Total Contract Value - Profit Target x Total Investment  + Realized Fee)/ Order Size × (1+0.06%)

 = (14,312.12 -2%×26,000+8.5872)/0.5368/(1+0.06%)

= 25,694 USDT 

Scenario 1: The current market price is 25,694 USDT 
The price has dropped back to 25,694, the Take Profit order is triggered and executed at market price. As the trader enables the loop, when the market price reaches the Take Profit price, the bot will automatically close the current positions and start a new round of position building. Assuming the position is closed at 25,694 USDT, the realized PnL for this round of the Martingale strategy is as follows:

Scenario 2: The current market price is 25,980 USDT. 
The current market price moves in the trader’s favor but remains above the Take Profit price. The bot will still be running, but it will not add any more short positions. Only when the market price reaches the Take Profit price level will the bot close existing positions and start a new round of trading. 

Scenario 3: The current market price continues to rise.
As the current market price continues to rise, for every 2% increase, the bot will automatically buy another short contract at the higher price point and repeat the process until the Maximum Addition per round is reached. After that, the bot will still be running, but it will no longer add short positions. 

In the worst-case scenario, assuming that the market does not reverse and continues to move in an unfavorable direction, there is a risk that the user’s position may be liquidated.

While the Martingale strategy offers simplicity and potential for recovery, it comes with inherent risks and limitations that require careful consideration. Traders are advised to consider the risks of aiming for high profit targets within a single cycle, and instead target modest profits to reduce position risks. Implementing risk management tools like Stop Loss can further reduce liquidation risks in adverse market conditions.

Risks 
Volatile market conditions: The main drawback of the Futures Martingale is the potential for unlimited losses if the market moves consistently against the trader. It is crucial to set up Stop-Loss orders to prevent unlimited losses. 

High leverage: Although Future Martingale’s feature allows traders to set up to 50x leverage, in unfavorable market conditions, trading with high leverage can amplify losses. It is important to understand the risks associated with high-leverage trading. 
 
Liquidation: Trading with high leverage in a volatile market poses the risk of depleting a trader’s account balance. If a trader’s margin drops below the maintenance margin, his current positions may be liquidated, leading to the irrevocable loss of his initial funds. We recommend setting stop-loss orders to mitigate the risk of liquidation.  

Notes: 
— Currently, Only USDT Perpetual contracts are supported for the Futures Martingale Bot. 
— The take profit order is executed as a conditional market order, hence it is possible that the actual execution price will differ from the take profit trigger price due to slippage. In extreme scenarios, the slippage may result in the final profit target not being met. 
— Insufficient margin may lead to the failure to add new positions. You can invest more into your Bot if needed. 
— Futures Martingale cannot be operated on a Subaccount level. 
— Users can create up to 50 Futures Martingale bots at the same time. 
— The profits earned during the previous trading rounds will not be channeled to subsequent rounds of trading. 

Launchpad FAQ — MNT Subscription Method

Launchpad supports two (2) subscription methods, and traders can only choose one (1). Note that traders cannot participate in both events simultaneously.
1.Commit Mantle (MNT) to subscribe to token allocation
2.Commit USDT to win an allocation of the project token
Bybit Launchpad is a token launch platform for groundbreaking blockchain projects. It gives users access to pre-listing rounds and allows them to earn new tokens directly on Bybit. The Terms and Conditions for the Bybit Launchpad are regularly reviewed and updated.

Who is eligible for Bybit Launchpad?
Only users who have completed Individual Identity Verification Lv. 1 or business verification are eligible for Launchpad events. Users from restricted countries are not allowed to participate in the Bybit Launchpad.

Please note that Identity Verification must be completed before the Subscription Period starts. You can click here to complete the verification.
 
The daily average MNT balance is calculated as the sum of hourly snapshots of your MNT balance in your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) in a day, divided by 24 hours.

It must be equal to or greater than 50 MNT. The snapshot is updated at 3 AM UTC daily. Due to the high volume of asset calculation, however, there might be a delay in updating your daily average MNT balance.

Example
Let’s assume that on Oct 31, Bob signs up for a Bybit account and starts making a deposit of 100 MNT every hour to his Funding Account only. His wallet balance snapshots will be recorded as follows:
00.000 UTC: 100 MNT
01.00 UTC: 200 MNT
02.00 UTC: 300 MNT
04.00 UTC: 400 MNT
...
23.00 UTC: 2,400 MNT
 
In this case, his average daily wallet balance on Oct 31 would amount to 1,250 MNT based on the following calculations:
100 MNT + 200 MNT + 300 MNT + 400 MNT +...+ 2,400 MNT) / 24

Note: For the Funding Account, please note that MNT staked in Flexible Savings and Launchpool will automatically be counted in the snapshot of your Funding Account. MNT staked in other products on Bybit Earn (e.g., Fixed Term Savings, Dual Asset or Liquidity Mining) will not be included.

What balances will be counted during the Snapshot Period?
Both MNT and USDT balance in your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) will be counted during the Snapshot Period.
 For your Funding Account, MNT staked in Launchpool and Bybit Flexible Savings will be automatically counted towards your wallet balance snapshots. However, MNT staked in other products on Bybit Earn (e.g., Fixed Term Savings, Dual Asset or Liquidity Mining) will not be included.
 For the Derivatives Account, the wallet balance will be counted. The wallet balance may be affected by the realized P&L.

Can I participate in Launchpad using my Subaccount?
No, Subaccount is not supported. Only the Main Account can participate in Bybit Launchpad. However, MNT and USDT balances or Spot Trading volume from subaccounts will be included in the snapshot of your Main Account.

What's the Subscription Period and how is it calculated?
During the Subscription Period, you must head to the Bybit Launchpad and click on the Commit Now button to commit a certain amount of MNT towards the new project.

Your final token allocation = (the amount of MNT you've committed during the Subscription Period / total amount of MNT committed by all participants) * total amount of new token allocated for the project.
Let's run a quick example:
 Number of MNT committed by Bob: 1,000 MNT
 Number of MNT committed by all participants: 1,000,000 MNT
 Total amount of new token β (hypothetically) allocated for the project: 3,000,000 β
In this case, Bob's final allocation will be 3,000 β based on the following calculations: (1,000 MNT / 1,000,000 MNT) * 3,000,000 β

What's the maximum amount of MNT I can commit?
The daily average MNT balance in your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) over the Snapshot Period will determine the max. amount of MNT you can commit towards the new project.

If you hold MNT under Spot Account and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account), you may transfer it by clicking the Transfer button to transfer your MNT to the Funding account for subscription during the Subscription Period.

What will happen during the Distribution Period?
Based on your final token allocation result, the corresponding MNT equivalent will be deducted from your committed amount. Your new tokens will go to Spot Account or Unified Trading Account (if your account has been upgraded), while the remaining committed token will be credited back to your Funding Account.

In the above example, assuming 1 MNT is equivalent to 20 β.
As 3,000 β is equivalent to 150 MNT based on the hypothetical exchange rate (1 MNT = 20 β), 150 MNT will be deducted from the number of MNT committed by Bob, and the remaining 850 MNT (1,000 MNT - 150 MNT) will also be automatically credited to his Funding Account during the Distribution Period.

Bob can view his new tokens under his Spot Account or Unified Trading Account (if your account has been upgraded) immediately after the Distribution Period ends.

What does the hard cap per user mean?
It indicates the maximum amount of new tokens an individual user can receive. Any amount exceeding the preset limit will be allocated to participants who haven't reached their hard cap yet.

Will the MNT I've committed be locked?
Yes. The amount of MNT you've committed to the project will be locked and cannot be accessed for transfers, withdrawals or trading until after the Distribution Period.

When can I start trading the new Spot pair?
You can trade the new Spot pair after it goes live on Bybit. Please stay tuned to our blog announcements or follow us on Twitter, Telegram, and YouTube.

When will the exchange rate between MNT and the new token be available?
The exchange rate between MNT and the new token will be confirmed two (2) to four (4) hours before the Subscription Period starts. Please refer to the Bybit Launchpad event page for the latest update.

If I place a limit sell order for MNT/USDT on the Spot trading platform, but it hasn’t been filled yet, will my MNT balance snapshots be affected?
No, all MNT pending execution will still be included in your MNT balance snapshots.

Can I commit MNT multiple times during the Subscription Period?
Yes, you can commit MNT multiple times by clicking on the Commit Now button.

Can I uncommit the MNT I’ve committed during the Subscription Period?
No, you cannot cancel on MNT that you’ve committed during the Subscription Period.

Is it possible to withdraw the committed amount of MNT made during the subscription period?
No, once committed, MNT cannot be canceled during the subscription period.

Disclaimer:
Please note that each user shall only register one (1) account on Bybit. Bulk-account registrations to farm additional allocation would be a violation of Bybit Terms of Service and may lead to immediate termination of all associated accounts and eligibility. To comply with local jurisdictions, Bybit reserves the absolute right to disqualify or take any appropriate actions against accounts associated with fraudulent activities, including the termination of any accounts immediately and liquidating any open positions.